Tracking and managing transactions
How can I track my transactions?
Account access options like Business Online and cheque books maybe an essential part of the way you want to track your transactions.
Business Online services can help with such things as:
- Anytime snap shots of your transactions
- Cash flow manager functions for simple automated record keeping
- Preparation and lodgement of your business activity statements
- Export transactions to your financial management software
- Make payments directly to the Australian Taxation Office.
Estatements and paper statements are generally available on most accounts giving you regular updates of all your account transactions.
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How can I track expenses?
Paying suppliers or paying for day to day staff purchases for the business may mean trying to balance multiple cheque books. Alternatives to using cheque books or petty cash are business credit cards and business debit MasterCards ®. They are a convenient and flexible option for covering day to day expenditure and paying suppliers over the Internet, phone, or by mail order.
Generally you can access multiple cards on one account, this means only one statement, and often you can export transactions direct to your financial management software. This saves you valuable time monitoring and controlling costs. Some cards also offer rewards and complimentary insurance adding more value to your business.
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Things you should know
- MasterCard® is a registered trademark of MasterCard International Incorporated.
